This is a bookkeeping question. I am living in one of my units during its rehab. Do I want to pay rent? Which would mean that the company receiving the rent would need to pay income tax on the rental income. Is it a...
I own a condo that I want to know if I should sell or rent it? Its 1200 sq ft 3 beds 2 bath vaulted ceilings. I owe 11700 on it and its worth around 194000 right now. My payment monthly is 750 and 175 hoa. Taxes t...
Hi BP Family:I apologize in advance if this question has been answered in previous posts. I did several searches, however the results seemed to be fairly scattered and I wasn't able to find an exact answer to my situa...
ok so I have recently made my first purchase of a duplex here in Texas. I can afford to make the monthly payment out of my own pocket but my question is should I try and pay off the loan with the income from the renta...
Looking for advice on selling my home and buying a multiunit. I will potentially live in one of the units. What would the requirements be to buy a multiunit under a new business name and how do I continue to purchase ...
So I am pushing on and hopefully will purchase my first rental property in the next few months. My questions is around the tax implications. For arguments sake, if I net $800/month in rent, how do I claim that $ on ...
Hi all - I have a few questions surrounding the idea of having an LLC or some other form of entity. For background I do not have one currently and only have one rental property that’s a single family home but am tryin...
Hello,I was curious to know how investors pay for expenses on their rentals such as rehab expenses. Is credit card the preferred method? If so, what cards would you recommend? I looked online and saw that business cre...
Parents have a rental in Tallahassee Fl that they are not managing (renter hasn't paid since 11/18, they have no idea what the inside condition is, etc...) They are willing to turn it over to me but I live in North E...
Hello BP community! I am trying to land my first investment deal in Columbus Ohio, but have very little to contribute. Does anyone know ways I can find people to help me get started? What did others do to land their f...